Technical analysis of EUR/USD for June 25, 2015

We expect a new range about at least 93 pips today because the EUR/USD pair will trade between 1.1175 and 1.1285. Moreover, the key level is seen at 1.1215 (this price will represent a daily pivot point). Equally important, the value of 23.6% Fibonacci retracement levels is 1.1215 in the H1 chart. This level is coinciding with the daily pivot point. Therefore, it will be a good sign to buy (buy sop) at the daily pivot point (1.1215) with the first target at 1.1250. It will call for a downtrend in order to continue its bearish movement towards 1.1285 in order to test the double top. The stop loss should never exceed your maximum exposure amounts, thus the stop loss should be placed below the level of 1.1135 (double bottom) because the level of 1.1135 will confirm the bearish market.

Risk disclosure: GuruTrade assumes no liability for loss of Client’s assets owing to handling of data and information contained on the site.
Operations in the international foreign exchange market (FOREX) are not recommended for all investors due to degree of risk.
Indexes, future contracts and price per share are of estimated value, and can’t be considered as constant and invariable.
This report is not designed to force the Client abandon from trading in the international FOREX market, it is meant for helping the Client to assess the risks of such kind of investments and with full responsibility step into determining the trading strategy for carrying out transactions. The English version of the following document is primary in case of discrepancy appearance between Russian and English editions.